Archive for June, 2009

By Matthew Vadum on 6.29.09 @ 11:05PM

ACORN, which played a starring role in creating the subprime mortgage crisis, plans to add insult to injury by harassing lenders across the nation with protests tomorrow in an effort to coerce them into supporting President Obama’s Making Home Affordable foreclosure-avoidance program.

Austin King, director of ACORN Financial Justice, sent out a press release today advising of the demonstrations that are planned as part of its “Homewrecker 4″ campaign. The four financial companies targeted are Goldman Sachs, HomEq Servicing, American Home Mortgage, and OneWest. Read the rest of this entry

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By Dr. Paul L. Williams Saturday, June 27, 2009

It’s invasive.
It’s corrupt.
It’s rigged.
It’s unconstitutional.

Its purpose is the legislative transformation of the United States of America into a land where conservatives, Christians, and Caucasians will become political castrados.

It is biased and prejudicial.

It serves to channel billions of dollars into bogus political action groups, such as Acorn. Read the rest of this entry

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Ideology correlates to U.S. vs. import

By William Ehart (Contact)

Originally published 04:45 a.m., June 30, 2009, updated 11:29 a.m., June 30, 2009

In the ’80s, it was the politics of dancing. In the ’90s, the politics of caring. Today, in bailout nation, we have the politics of driving.

The Volvo-driving liberal and the redneck in a Chevy pickup are long-held stereotypes. But a map of car ownership – produced by R.L. Polk & Co. – overlaid on the electoral map reveals the surprising extent to which how we vote corresponds with what we drive. Read the rest of this entry

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by Paul A. Eisenstein

With a court expected to approve U.S. control of General Motors this week, the company’s new CEO Fritz Henderson says his new boss Obama expects a leaner, quicker company.

Following a hearing which begins today, a bankruptcy-court judge is expected to approve General Motors’ “363 Sale,” in which GM’s good assets would be sold to a new entity controlled by the U.S. government, the United Auto Workers, lenders, and the Canadian government, while the bad ones would left behind and wound down. Read the rest of this entry

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Republicans are raising questions about why the EPA apparently dismissed an analyst’s report questioning the science behind global warming.

By Judson Berger

Monday, June 29, 2009

A top Republican senator has ordered an investigation into the Environmental Protection Agency’s alleged suppression of a report that questioned the science behind global warming.

The 98-page report, co-authored by EPA analyst Alan Carlin, pushed back on the prospect of regulating gases like carbon dioxide as a way to reduce global warming. Carlin’s report argued that the information the EPA was using was out of date, and that even as atmospheric carbon dioxide levels have increased, global temperatures have declined. Read the rest of this entry

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Widely watched index shows US home prices down by 18.1 pct. in April, but trend is stabilizing

* By J.W. Elphinstone, AP Real Estate Writer
* On Tuesday June 30, 2009, 1:57 pm EDT

NEW YORK (AP) — There is a clear trend home prices declines are moderating — another sign the beleaguered housing market is stabilizing, according to data released Tuesday.

While the Standard & Poor’s/Case-Shiller index of 20 major cities tumbled by 18.1 percent in April from the year before, it marked the third straight month the decline was not a record. And yearly losses in 13 metros improved compared to March. Read the rest of this entry

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Time is running out for the legislatures in Arizona, California, Indiana, Mississippi and Pennsylvania to solve budget gaps.
By P.J. Huffstutter and Nicholas Riccardi
June 30, 2009
Reporting from Indianapolis and Denver — The last time Indiana missed its deadline for passing a budget and had to shut down the government was during the Civil War.

But on Monday, as lawmakers raced to hammer out an agreement over school funding, state agencies began preparing 31,000 workers to be temporarily out of a job. Republican Gov. Mitch Daniels has warned residents that most of the state’s services — including its parks, the Bureau of Motor Vehicles and state-regulated casinos — would be shuttered unless a budget is passed today. Read the rest of this entry

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WASHINGTON (Reuters) – U.S. consumer confidence took an unexpectedly steep slide in June, figures released on Tuesday showed, suggesting the 18-month-long recession had yet to loosen its grip on the economy.

A separate report on April house prices in major cities offered some encouraging signs that the worst of the housing slump may be over, but that was not enough to lift investors’ spirits. Another crop of economic data showed business activity in New York City and the Midwest remained weak, while retail chains slogged through a rough June. Read the rest of this entry

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